- MoonPay’s integration of Ripple enhances XRP accessibility and enables seamless crypto purchases to a worldwide audience despite Ripple’s legal disputes with the SEC.
- MoonPay and XRP have partnered to help mainstream crypto adoption. This collaboration simplifies the purchase process, allowing users to manage XRP within their platform.
MoonPay’s integration with Ripple is a major milestone for the expansion of digital assets available to both businesses. MoonPay has announced its integration with Ripple, marking a key milestone in expanding access to digital assets for both companies. reported This new partnership, which was facilitated by CNF allows MoonPay users to buy, manage, and store XRP (Ripple’s native coin) directly in the MoonPay ecosystem.
MoonPay announced in a recent tweet that the integration will help them achieve their mission to simplify the onramps and make cryptocurrency easier for the users. They are a leading player in this space.
ATTEN-HUT! 🫡
Rally the XRP Army! 📢
Partnering with @RippleNow you can manage, buy and store your $XRP MoonPay accounts can be accessed directly through your MoonPay account.
Welcome home, whether you are a brand new recruit or an old soldier. pic.twitter.com/6kWvego7g1
— MoonPay 🟣 (@moonpay) October 16, 2024
MoonPay, in May of 2024, took a step similar by integrating PayPal. This will facilitate crypto purchases and allow users to purchase digital assets using bank transfers via a familiar, user-friendly interface.
MoonPay is stepping up its efforts in promoting cryptocurrency adoption by the mainstream, and especially among integrating XRPA widely known and used token in crypto.
Ripple’s battle against the SEC continues
Ripple is still facing legal issues with the U.S. Securities and Exchange Commission. Ripple was involved in a major case with the SEC since 2020. The SEC alleged that Ripple’s XRP sale is an unregistered offering of securities. Ripple won a partial court victory in July 2023. However, the SEC has appealed certain parts of that ruling. The case remains unresolved.
Stuart Alderoty recently provided an overview of the timeframe for the appeals procedure. Ripple must respond within 7 days after the SEC submits Form C. Legal briefings could last until July 2025. This would indicate a long-lasting legal battle that will have significant consequences for the future of XRP.
MoonPay is still confident in MoonPay despite the challenges. XRP demonstrates Ripple is a technology that will continue to be relevant for many years. XRP was trading for $0.18 at time of writing according to CoinMarketCap. $0.5551With an increase in 3.13% In the last day 5.37% In the last week.
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Source: www.crypto-news-flash.com
